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Source: http://www.facebook.com/FOX2Now/posts/10151754677074228
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Tuesday, 23 July 2013
Chemical reaction could streamline manufacture of pharmaceuticals and other compounds
[unable to retrieve full-text content]Researchers have discovered a new chemical reaction that has the potential to lower the cost and streamline the manufacture of compounds ranging from agricultural chemicals to pharmaceutical drugs. The reaction resolves a long-standing challenge in organic chemistry in creating phenolic compounds from aromatic hydrocarbons quickly and cheaply.
Source: http://feeds.sciencedaily.com/~r/sciencedaily/top_news/top_health/~3/5dZxFTT3KPQ/130722152741.htm
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Nokia Lumia 625 leaked, suggests 4.7-inch display, 1.2GHz dual-core CPU, 5-megapixel cam and LTE
It looks like that "Something Big" that Nokia was hinting about earlier this morning might turn out to be the Nokia Lumia 625, if this leak by Finnish publication Puhelinvertailu is to be believed. The specs appear to match what was revealed a few days ago on China's certification site; it'll apparently sport a 4.7-inch Gorilla Glass 2 IPS WVGA (800 x 480) LCD, a 1.2-GHz dual-core Snapdragon S4 processor, 512MB RAM and a 2,000mAh battery. The leak also hints at a rear 5-megapixel camera with 1080p recording, a front-facing VGA shooter, Bluetooth 4.0 LE and interestingly, an LTE variant with support for European bands (though we wouldn't rule out North American support later down the line). It's difficult to say exactly how the phone will actually look like up close, however, so it's a good thing we'll be up bright and early tomorrow at 9am UK time (4am Eastern) to see Nokia's unveiling.
Source: Puhelinvertailu.com, Nokia Conversations
Source: http://feeds.engadget.com/~r/weblogsinc/engadget/~3/-CKQsXy3baI/
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Church, junior high help out Moore, Okla., schools
OKLAHOMA CITY (AP) ? School officials in the Oklahoma city of Moore say students whose schools were destroyed in the deadly May tornado will attend classes next month in a refurbished junior high school building and a local church.
Plaza Towers and Briarwood elementary schools have been razed down to the concrete slabs. District spokeswoman Pam Westbrook said Monday the district is working out the final details for how the new schools will be constructed. She says district officials hope to have both new elementary schools open for students by the start of the 2014 school year.
At Plaza Towers, seven wooden crosses stand in the northeast corner of the lot, each adorned with the name of one of the children killed on May 20 when the tornado slammed into the school.
Source: http://news.yahoo.com/church-junior-high-help-moore-okla-schools-224558749.html
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Monday, 22 July 2013
Investors bet on defense firms' peacetime strength
defense 
23 hours ago
Defense stocks are on the offensive.
Investors seem to be betting that the U.S. defense industry has so far waged a successful campaign against looming budget cuts to secure a profitable peacetime footing after a decade of war.
But it remains to be seen whether these companies can offset tens of billions in shrinking orders for swords with new, long-term contracts for plowshares.
For the moment, investors seem to be overlooking expected cuts in military spending. As defense contractors continue to churn out solid earnings and dividends, their stocks are reaching new highs. Teledyne Technologies, Boeing, Northrop Grumman and United Technologies have hit record highs. Lockheed Martin, General Dynamics and Rockwell Collins are within 10 percent off their all-time peaks.
Analysts say several powerful forces are at work offsetting the heavy headwinds of military spending cuts.
(Read more: How Boeing came back from the brink)
For one thing, many of these companies squirreled away large piles of cash during the boom years knowing that the wartime spending surge wouldn't last forever. At a time when record low interest rates have left investors with few places to find a reliable return, those balance sheets are helping to fund a steady stream of dividends and stock buybacks.
"(These stocks provide) good cash returns to shareholders at a reasonable price where other higher yielding groups are a lot more expensive," said Carter Copeland, a defense industry analyst at Barclays.
As Pentagon spending has slowed, the defense industry has also been beefing up commercial contracts with civilian customers to offset the squeeze brought by the drawdown of two wars and Washington's ongoing deficit cutting.
As military orders have peaked, for example, demand for commercial aviation is taking off. Since the global economy began pulling out of the deep nosedive of the Great Recession in 2010, airlines around the world have been expanding capacity and looking to cut rising fuel costs by replacing aging fleets of gas guzzlers with high-efficiency aircraft, according to a recent report by Deloitte. Boeing estimates that over the next two decades, more than 35,000 new airplanes will be built, driving production to record levels, according the report.
Demand for those new airplanes?and the parts and electronics needed to make them?has helped boost the aerospace and defense industry's overall share of revenue coming from commercial orders. Last year, defense orders accounted for just 54 cents of every dollar of industry revenue, down from 60 cents in 2010.
The transition to peacetime federal spending levels has also been eased by the defense industry's huge backlog of orders, which rose by nearly 6 percent last year to $2.3 trillion, according to Deloitte. Order backlogs at General Dynamics, Lockheed Martin and Northrop Grumman alone amounted to more than $165 billion in the first quarter of this year?more than 18 months' worth of those companies' annual revenues, according to Barclays.
Some defense companies are also working to offset federal spending cuts by expanding sales to civilian customers looking for products and services such as information technology and communications electronics. U.S. defense contractors have also boosted revenues by winning new orders from overseas.
But those markets aren't growing fast enough to make up for the shortfall in federal spending, said Michael Lewis, who follows the defense industry at the Silverline Group.
(Read more: US defense companies go on overseas offensive)
"It will help somewhat in filing in the hole that some of these firms face, but it's not going to fully offset the U.S. cutbacks," he said.
Those cutbacks are shaping up as the biggest the industry has faced since the end of the Cold War. Unless Congress acts to revise it, the 2011 Budget Control Act will shrink defense outlays by some $487 billion through 2021, on top of the one-time $42 billion in cuts required by this year's "sequester."
Those cuts are only beginning to move through the lengthy procurement process, so there's still a chance that Congress will balk at slashing military spending. But investors banking on that outcome are making a risky bet, said Lewis.
"There will be tens of billions of dollars in cuts," he said. "The timing is uncertain but once we start to see that happen you're going to see these stocks start to unwind."
A lot depends on how well these companies continue to pay a reliable return at a time when investors have fewer places to turn. Copeland believes their large backlog of orders and piles of balance sheet cash will allow the strongest companies to weather the transition to peacetime spending levels.
"I think there is some downside risk to their business in 2014, but not to an extent that it would call into question the sustainability of their dividend," he said.
(Read more: As Asia rises, US seen arming less of the world)
Investors loading up on defense stocks may also be anticipating the kind of industry consolidation that has accompanied previous transitions to peacetime. As the military spending pie shrinks, smaller players may be gobbled up by their larger rivals, boosting market share and profits for the acquirers.
"People are trying to place their bets as to who's going to lead that charge," said Lewis. "There are a lot of synergies for the prime contractors when they buy a smaller company. They can take out a lot of cost."
?By CNBC's John W. Schoen. Follow him on Twitter@johnwschoen
? 2013 CNBC LLC. All Rights Reserved
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Froome rides to victory in 100th Tour de France
PARIS (AP) ? I won't let you down like Lance Armstrong. This Tour de France champion is for real.
That, in so many words, is the promise Chris Froome made as the newest winner of cycling's showcase race so badly hurt over the years by riders who doped to win it.
Because of their deceit, Froome faced a series of questions as he dominated rivals over three weeks of racing, all centered on the same key concern: Can we believe in you?
Yes, he insisted. The sport is changing, he argued. He handled the scrutiny politely and adroitly. He said he understood the skepticism. And on the podium in Paris, his wiry frame wrapped in his canary yellow jersey, Froome asked the guardians of the 110-year-old race and all those who love it to trust him.
"This is one yellow jersey that will stand the test of time," he said.
In two years, Britain has had two winners: Bradley Wiggins in 2012 and now Froome, a cooler, calmer, more understated but no less determined character than his Sky teammate with famous sideburns.
Froome rode into Paris in style: Riders pedaled up to him to offer congratulations; he sipped from a flute of champagne; a Tour organizer stuck an arm from his car window to shake Froome's hand. He dedicated his victory to his late mother, Jane, who died in 2008.
"Without her encouragement to follow my dreams I would probably be at home watching on TV," he said.
Froome took the race lead on Stage 8 in the Pyrenees, never relinquished it and vigorously fended off rivals whose concerted challenges turned this 100th Tour into a thriller. Froome and his Sky teammates linked arms as they rode for the line.
"This is a beautiful country with the finest annual sporting event on the planet. To win the 100th edition is an honor beyond any I've dreamed," he said.
Five-time winners Eddy Merckx, Bernard Hinault and Miguel Indurain joined Froome on the podium. Missing, of course, was Armstrong. Stripping the serial doper of his seven wins tore a hole in the Tour's roll of honor as large as that left by World War II, when the race didn't take place from 1940-46.
None of the 100th edition's podium finishers ? Froome, Nairo Quintana and Joaquim Rodriguez ? have ever failed a drug test or been directly implicated in any of cycling's litany of doping scandals. That is an encouraging and notable departure both from the Armstrong era and many other Tour podiums before and since.
"In a way, I'm glad that I've had to face those questions. That after all the revelations last year and just the tarnished history over the last decade, all that's been channeled toward me now," Froome said. "I feel I've been able to deal with it reasonably well throughout this Tour, and hopefully that's sent a strong message to the cycling world that the sport has changed ? and it really has."
"The peloton's standing together, the riders are united and it's not going to be accepted anymore."
The spectacular nighttime ceremonies, with the Eiffel Tower in glittering lights and the Arc de Triomphe used as a screen for a flashing lightshow, capped what has been a visually stunning Tour.
It started with a first-ever swing through Corsica, France's so-called "island of beauty," before veering through the Pyrenees to Brittany and then across France to the race's crescendo in the Alps ? 2,115 grueling miles in total.
Because of the unique late-afternoon start for the final Stage 21, the riders raced on the cobbles of the Champs-Elysees as the sun cast golden hues over the peloton and shadows lengthened over the dense, cheering crowds. Marcel Kittel won the final sprint on the avenue, the German's sprinter's fourth stage win of this Tour.
French Air Force jets in formation trailed red, white and blue smoke in the skies. The riders circled like a necklace around the Arc de Triomphe in their bright colored team jerseys.
After setting off from the magnificent Versailles Palace, the former residence of three kings and their seat of power until the French revolution of 1789, the riders were granted the privilege of meandering through the chateau's manicured gardens, past lakes like mirrors, spurting fountains and statues looking on stonily.
Before the pace picked up sharply on the Champs-Elysees, Sunday's 82-mile ride was largely leisurely. The 169 finishers ? from 198 who started ? savored the pleasure of surviving the three-week ordeal.
Quintana, the 23-year-old Colombian who secured second place behind Froome with an impressive win on Saturday's penultimate Stage 20, laughed as third-placed Rodriguez tried to spark up a cigar in the saddle.
Froome's clear physical superiority made him overwhelming favorite going into the Tour and carried him through it.
His winning margin of 4 minutes, 20 seconds was the largest since 1997, when Jan Ullrich ? who has since admitted to doping ? beat Richard Virenque ? who also confessed to using performance-enhancers ? by 9:09.
Armstrong had larger margins of victory than Froome but those no longer count.
Froome's three stage victories ? in the Pyrenees, on Mont Ventoux in Provence and in a mountainous time trial ? were the most for a Tour winner since Armstrong got five in 2004, results now annulled.
Sky team manager Dave Brailsford said the Tour is seeing "a new generation" of young riders who "have never lived in an era of doping."
Cycling's future "is in good hands with Chris, because he is an exceptional rider and an exceptional character."
Unlike some other riders who cut short questions about doping and bristled, Froome said he was happy during the Tour to discuss the issue that has so poisoned his sport. He said he, too, felt let down by his cheating predecessors.
Froome argued that his success demonstrates that cycling's anti-doping system ? now among the most rigorous, invasive and sustained of any sport ? must be working, because otherwise he wouldn't be able to win.
At 28, Froome is entering his peak years as a bike racer. His prowess on climbs and in time trials gives him the essential ingredients to win more Tours. At Sky, he's backed by one of the best-funded, organized and smartest teams.
With few exceptions, including the absent Giro d'Italia winner Vincenzo Nibali and Wiggins, the cream of cycling's grand tour riders raced in the 100th edition. That Froome beat them so handily suggests he'll again be the overwhelming favorite in 2014 ? in the 101st Tour that starts in Leeds in northern England.
___
AP Sports Writer Jerome Pugmire and Associated Press Writer Jamey Keaten in Paris contributed to this report.
Source: http://news.yahoo.com/froome-rides-victory-100th-tour-france-195043201.html
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Sunday, 21 July 2013
Twitter Slams Tavis Smiley for Attacking Obama http://wapo.st/1bRzAX8
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Source: http://www.facebook.com/theRoot/posts/10152998671200231
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